Ethereum Watch

Advertisements Quick take: Ethereum’s correlation with Bitcoin has started to increase once again.  In late June and July, ETH looked set to break away from Bitcoin’s influence due to the DeFi boom and investors anticipating ETH 2.0.  With a return of the correlation between Ethereum and Bitcoin, a drop by BTC could see ETH retest […]

Advertisements In brief: Uniswap has edged out Tether (USDT) in terms of ETH gas consumption. In the last 30 days, traders on Uniswap V2 have paid $6.99M in ETH fees. The popularity of DeFi is one reason Uniswap is becoming popular. A quick glance at ETHGasStation.info reveals that Uniswap has edged out Tether (USDT) in […]

Advertisements Quick summary: 2020 will go down in crypto history as being the year of DeFi. Several DeFi projects have made the headlines due to their popularity amongst Yield Farmers. They include Compound, Yearn, Yam, Curve and Just, just to name a few. With new DeFi projects being launched every day, the future of DeFi […]

Following Bitcoin, Ethereum, and other top cryptos lower, Compound (COMP) has shed 9% in the past 24 hours., the asset now trades at $180, lows not seen in over a week. Advertisements COMP’s -9% performance in the past 24 hours makes it one of the worst-performing digital assets of that time frame. For context, Bitcoin […]

Advertisements Quick take: The DeFi boom has led to high ETH fees on the Ethereum network.  The team at CoinMetrics has concluded retail users are being locked out of DeFi by these high ETH fees. Whales are one category of investors who are comfortable with parting with high Ethereum fees.  The discussion regarding high Ethereum […]

When analysts try and gauge the success of Ethereum’s decentralized finance projects, they often look to the “total value locked” metric. Advertisements Just today, the metric, up around 1,000% since the start of 2020, surpassed $6 billion for the first time ever. Many Ethereum bulls hailed the achievement of this milestone as a testament to […]

Ethereum’s Yam Finance protocol has been the hottest crypto project of the past 24 hours. As reported by NewsBTC previously, the unaudited protocol managed to garner $400 million worth of value in under 24 hours, with investors throwing boatloads of capital at the project. Advertisements The token of the protocol, YAM, is behind this exponential […]

Key Takeaways Serum, a decentralized exchange, is preparing to handle its first trade this week The project has listed its SRM token on several exchanges, from Binance to Uniswap Serum is backed by members of high-profile cryptocurrency organizations like FTX and Compound Share this article Serum, a new crypto derivatives exchange, is preparing to go […]

Advertisements Quick take: Majority of the popular DeFi applications are being built on Ethereum. The popularity of DeFi has resulted in Ethereum reestablishing itself as the number one DApp platform. 4.3 Million ETH is now locked in DeFi platforms, up 800k since mid-July.  The DeFi boom of 2020 has had a positive impact on the […]

Bitcoin and Ethereum are pulling back, but Compound (COMP) is surging higher. The native governance token of the flagship of the decentralized finance space, COMP has gained 15% in the past 24 hours as per Coin Market Cap. Advertisements This comes after the altcoin was embroiled in a multi-week bear market after an initial surge […]